Popoca

FOOD SERVICE PROVIDER

Analytics

Raised to Date: $43,030

Aggregate Commitments $
Platform

SMBX

Start Date

05/26/2021

Close Date

07/07/2021

Min. Goal

$25,000

Max. Goal

$250,000

Min. Investment

$10

Security Type

Debt

Funding Type

RegCF

Series

Seed

Rolling Commitments $
Status

Active

Reporting Date

06/13/2021

Days Remaining

24

% of Min. Goal

172%

% of Max. Goal

17%

Likelihood of Max
unlikely
Avg. Daily Raise

$2,391

Momentum
warm
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Location

Richmond, California

Industry

Food, Beverage, & Restaurants

Tech Sector

Non-Tech

Distribution Model

B2B/B2C

Margin

Low

Capital Intensity

High

Business Type

Life Style

Popoca, a Salvadoran restaurant in Oakland, CA, is raising funds on SMBX. The restaurant brings the traditional cooking and recipes of El Salvador with its progressive food like pupusas and tamales. The food is made using fresh and high-quality ingredients and cooked over a wood fire. Anthony Salguero founded Popoca in January 2020. The current crowdfunding round has a minimum target of $25,000 and a maximum target of $250,000, and the funds will be used towards a hearth for wood-fire cooking, hoods, molino, kitchen equipment, furniture, and lighting fixtures. Popoca will offer an upscale dining experience with an option for guests to choose between a tasting menu and a family-style meal.

Summary Profit and Loss Statement
Most Recent Year Prior Year

Revenue

$154,017

$0

COGS

$42,941

$0

Tax

$5,104

$0

 

 

Net Income

$5,610

$0

Summary Balance Sheet
Most Recent Year Prior Year

Cash

$1,098

$0

Accounts Receivable

$0

$0

Total Assets

$11,900

$0

Short-Term Debt

$30,432

$0

Long-Term Debt

$0

$0

Total Liabilities

$30,432

$0

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